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DFW Weekly Mortgage Update: Low Unemployment & Low Rates

Quick holiday update. The jobs report was good overall with 57,000 new jobs at a 4.7% unemployment rate. While the jobs report was strong bonds stayed above, and looking forward some are forecasting lower unemployment which could cause inflation due to a tighter jobs market.

Looking at the price chart, we see that we are staying at a floating stance. The west coast fires and other world events are keeping bonds steady. This is good for you if you are looking to buy with interest rates staying low. Next week the Fed interest rate which may influence the mortgage market.